Rito Group Corp. (OTCPK:RTTO) announced that it has entered into a subscription agreement for private placement of 30,000 shares at a price of $2 per share for gross proceeds of $60,000 on June 12, 2019. The transaction included participation two individual investors Ho Shuk Nim Elsa for 15,000 shares and Cheung Siu Cheong for 15,000 shares. The shares are issued at a premium. The par value of shares is $0.0001 per share. The company did not pay any finder’s, broker’s or agent’s fees or commissions in connection with the transaction. The company issued securities pursuant to exemption provided under exemption from registration under Section 4(a)(2), Regulation D, and/or Regulation S.